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20121222
20121222
Search Results 0 to 6 of about 7
sector. and hoping to catch more of the housing uprise. but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consumer staples or something going into the new year. >> what i was thinking i told a friend of mine today conagra reported an amazing number. that's the kind of thing i would think about. nice yield. good growth. i think that's the best idea. why don't we go to brooks in ohio. brooks was here. brooks? >> caller: my question is about abbott, the split, how's it going down and which side are you on? >> good news today. the split will be included in the s&p which is why it was up. abbott is going higher. that's why my travel trust owns it. things seem dysfunctional in washington but even now it's better to be a buyer than a seller if you know where to look. "mad money" will be right back. >> announcer: coming up, the world is overflowing with information and tibco helps make sense of ones and zeros. while the market is up nice for the year, its stock is now down big. does today's turn to the green mean it's time to logon
withholding up an agreement on the fiscal cliff. back to you in new york. thank you, peter. and if congress can't make that deal, taxes for every single american all of you watching this morning will go go up on january 1st. here to tell us how much they will go up economic editorial writer for the "wall street journal" author of who is the fairest of them all. the truth about opportunity, taxes and wealth in america. stephen moore. stephan, you are the bearer of bad news this morning. how much are our taxes going to get hit in just two weeks? >> well, good morning, guys. merry christmas. you though, this is an unbelievable situation because it's been, what, five or six weeks since the election. abc it's amazing that they are still as far apart today from getting a deal as they were when we first started talking about this. if we do go over the cliff. by the way i agree with peter. i still there is a slim chance at getting something done next week before new year's eve. but if we don't get that deal, we're talking about a very major tax increase. not just on people like warren buffet and bi
to the fiscal cliff. the combination of tax hikes and across the board spending cuts that no one wants to have happen. the president seems to be sticking with his plan and congress seems to be in disarray. time is running out. the time is january 1st just ten days away. nancy cordes has the latest on the negotiations. >> reporter: shortly before he left for hawaii president obama urged congressional leaders to address a smaller plan to avert the fiscal cliff because his talk with speaker boehner on a smaller deal have stalled. >> i met them halfway on taxes, and i met them more than halfway on spending. >> reporter: that was not speaker boehner's take earlier in the day. >> what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy. >> reporter: but boehner's position was weakened after he tried but failed to pass his own plan in the house. >> as you know the house did not take up the tax bill last night because we didn't have the votes to pass it. it's not the
-called fiscal cliff with stephen dinan and then we get more comments. first president obama nominating senator john kerry of massachusetts to be the next secretary of state of the united states. and in his announcement the president spoke about john kerry's background in foreign affairs and what makes senator kerry a good nominee to be the next secretary of state. >> john's entire life has prepared him for this role. the son of a foreign service officer. he has a deep respect for the men and women of the state department. the role they play in advancing our interests and values and the risks they take and make in sacrificing their families. and especially our military power. and he knows from personal experience that when we send our troops into harm's way, we must give them a strategy, a clear mission and the resources they need to get the job done. in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john has played a major role in every foreign policy debate in years. he understands we have to harness all elements of american power and ensure
'll be watching that. >> alexandra, thank you very much. >>> if the u.s. goes over the fiscal cliff, how are america's business leaders going to react? and if they could force the politicians into a deal, what would it include? >>> and later, some legal advice on how previous supreme court decisions might impact new gun laws now under consideration. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> one thing business owners hate more than just about anything is uncertainty. and if politicians in washington have done anything, it's create the ultimate climate of uncertainty regarding the fiscal cliff. todd mccracken is president of the national small business association. he joins me from washington, d.c. todd, if no deal is reached by the end of the year, a lot of people predict spending will slow down. how will business owners r
to talk to us dan greenhaus, you are, if i understand it, a fiscal cliff stock bear. >> yes. give or take, yes. >> and why? >> well, i think it's pretty clear you're talking about -- well, our best case scenario has been we're going off the cliff. we said that the day after the election, we standby it today. if you do that, you're talking about the largest tax increase in our country's history, a considerable amount of spending cuts, and in the short-term, probably hit the stock prices on the order of 10%. >> if i give you a cliff deal. okay. i'm going to give you a cliff deal for middle class extensions, 250,000, you're right the top rates will go up. but if you get that deal in january, that does save us from the recession scenario, the really deep gloom scenario. >> this is the big debate. our view has been if you get a deal fairly quickly in the new year, it's hardly the end of the world. the question really or the debate really accelerates if you start getting closer to january 15th or ultimately the inauguration. do you do more serious damage to the economy that makes it more diffic
, global economic collapse. and aside from the fiscal cliff, the battle in washington could hit you, the price of milk, higher. we'll explain.
Search Results 0 to 6 of about 7